Home Loan Arrears are Surging Over 6% Of Mortgages In Some Suburbs.
Mortgage Arrears Surge has surged by 15% during the last month.
Arrear rates are at the highest level they have been in a decade, with WA taking the lead.
#AusPol #Recession #Economy Australian’s are in arrears with their Mortgages during a period of the lowest interest rates in the history of our nation. Signs of stagnant wage growth, expensive real estate and a lack of financial education. References https://mobile.abc.net.au/news/2019-07-30/more-australian-borrowers-falling-into-mortgage-arrears/11365288?pfmredir=sm